With a total value of more than $900 million in assets under management, WPI’s portfolio includes 13 apartment communities, 3 student housing projects and 18 commercial properties. Our expertise covers a wide range of property sizes, asset classes, product types, ages, geographies and demographics throughout California, Nevada, Utah, and Arizona.
Since 1971, continued growth and asset appreciation has been directly tied to a diversity of property types and outstanding tenant relations.
Warmington Properties' apartment portfolio has a total value of more than $535 million and is comprised 13 communities in California, Nevada, and Utah with 2,728 residential units. Each of these communities are of a varying product type including two- and three-level buildings with stacked-flats as well as two-story townhome-style. Product diversity is the result of a corporate objective to develop or acquire a balanced portfolio that meets current demands, protects the investment and maximizes returns, and provides long-term income growth and appreciation.
|CERCA Student Housing||San Diego, CA||17 (82 Beds)|
|PRISMA Student Housing||San Diego, CA||8 (42 Beds)|
|ZUMA Student Housing||San Diego, CA||24 (108 Beds)|
|Casa Grande||Cypress, CA||477|
|Sycamore Lane||Mission Viejo, CA||208|
|Serrano Highlands||Lake Forest, CA||240|
|Sycamore Greens||Vista, CA||160|
|7 Communities Total||1,134|
|Mountain Run Apartments||Orem, UT||113|
|1 Community Total||113|
Warmington Properties’ commercial portfolio has a total value of more than $350 million in assets under management and is comprised of 18 assets, with a wide range of product types including industrial, retail, office, and marinas. Our properties are strategically located throughout California and Arizona and offer competitive lease rates. Low turnover is achieved at the properties through responsive management and personalized attention.
|Alicia Business Center||Mission Viejo, CA||80,596|
|Dyer Business Park||Santa Ana, CA||149,900|
|Park La Habra||La Habra, CA||120,796|
|Los Alamitos Business Park||Los Alamitos, CA||124,630|
|Universal Alloy Industrial Park||Anaheim, CA||191,500|
|Batavia Business Center||Orange, CA||130,808|
|Harrison Avenue Centre||Industry, CA||154,068|
|Chino Spectrum Business Park||Chino, CA||213,693|
|Acoma Business Center||Scottsdale, AZ||34,109|
|9 Properties Total|
|RETAIL / SPECIALTY||Square Feet|
|Honali Plaza (Alicia Center)||Laguna Hills, CA||78,893|
|Foothill Plaza||Glendora, CA||76,418|
|Jeronimo Business Center||Mission Viejo, CA||85,224|
|Stater Bros. Center (Baker-Fairview)||Costa Mesa, CA||40,866|
|Imperial Promenade||Anaheim Hills, CA||42,860|
|LA Fitness - Irvine||Irvine, CA||41,000|
|6 Properties Total|
|Pullman Building||Costa Mesa, CA||51,783|
|Mitchell Building||Irvine, CA||35,500|
|2 Properties Total|
|Richmond Bay Marina||Richmond Bay, CA||850|
|1 Property Total|
Warmington Properties continues to aggressively pursue acquisition and development opportunities in pursuit of expanding our portfolio. We are currently looking to acquire value-add and stabilized core-plus properties.
Assets in need of moderate-to-extensive capital expenditures, which includes renovation, repositioning, and improvement in management and marketing.
Stabilized Core-Plus Properties
Assets requiring limited capital, generally stabilized with some upside potential, although not to the same extent as the “value added” category.
Las Vegas MSA
— Class A or B property types
— 50-300 unit counts
— Minimum purchase price of $5 million.
Suggested Items for Submittal Package:
• Asking price
• Basic property description
• Aerial photograph(s)
• Color property photographs
• Current rent roll
• Prior two years actual and current YTD operating statements
• Current tax bill
• Terms of financing, if applicable
• Market information including sales and rental comps
Vice President, Multifamily Properties
Multifamily Properties, Acquisitions